Paysafe Integrates MoonPay's Crypto Payment Technology for Wider Adoption

Paysafe has partnered with MoonPay to bring cryptocurrency payments to its global platform, processing over $167 billion in transactions annually.

The collaboration embeds stablecoin rails directly into Paysafe's platform, giving merchants the capability to accept crypto payments alongside traditional payment methods. The first product launched from this partnership is 'Pay with Crypto,' which allows users to fund their accounts using preferred stablecoins or cryptocurrencies.

The solution supports various sectors, including e-commerce, financial services, and online gaming, among others. According to Ivan Soto-Wright, MoonPay's founder and CEO, crypto rails are making payments faster and cheaper, and the company aims to close the gap between this technology and real-world utility.

Zak Cutler, President of Global Gaming at Paysafe, stated that the growing popularity of stablecoins is transforming cryptocurrency from an investment asset into a unit of value for payments. He emphasized that the introduction of 'Pay with Crypto' positions U.S. operators for their customers' changing transactional preferences.